Is the SAR distribution date extended?

[Guest]

Does anyone know if the SAR distribution date has also automatically been extened 2.5 months to December 15, 2000 for a calendar year plan? I know that if I had filed for an extension I would also be granted an extension on the SAR, but since the IRS automatically extended the 5500 due date to 10/15 for calendar year plans, do I also have an extension for the SAR.

I assume that I do, but I couldn't find anything official.

[Guest Emiliano]

The extension for Form 5500 granted by the IRS and DOL was until October 16, 2000. The notice for the extension, found at http://www.efast.dol.gov, does not address the SAR.

However, changes have been made to SAR requirements. In prior years, plan sponsors eligible to file Form 5500-R could satisfy the requirement by distributing a copy of that form to participants. That option is not available this year. The SAR need not be filed with the DOL but must be distributed to participants within 9 months after the close of the plan year.

[Guest meggie]

In the absence of any new guidance, I would rely on DOL reg 2520.104b-10©(2). This section states that the SAR should be furnished within 2 months after the close of the period for which the extension was granted.